Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Base on the below financial statement, calculate 1. Current ratio 2. Inventory turnover 3. Fixed asset turnover 4. Debt ratio 5. Time interest earned 6.

Base on the below financial statement, calculate 

1. Current ratio

2. Inventory turnover

3. Fixed asset turnover

4. Debt ratio

5. Time interest earned

6. Debt to equity

7. Return on investment

8. Net profit margin
 

ASSETS Cash Marketable securities Account Receivables Inventories Net Fixed Assets TOTAL ASSETS 41,700,000 


ASSETS Cash Marketable securities Account Receivables Inventories Net Fixed Assets TOTAL ASSETS 41,700,000 2,200,000 LIABILITIES AND EQUITIES Account payable Notes payable Long term debts Common Stock Retained Earnings Sales 55,000,000 COGS 25,000,000 Gross Profit 30,000,000 Operating expenses 20,000,000 EBIT 10,000,000 Interest 1,500,000 EBT Tax Net Profit 6,000,000 3,500,000 9,400,000 1,600,000 25,000,000 TOTAL LIABILITIES AND EQUITIES 41,700,000 3,100,000 1,500,000 15,000,000 20,000,000 2,100,000 AA Bhd Income Statement for the year 2021 RM 8,500,000 2,500,000

Step by Step Solution

3.48 Rating (155 Votes )

There are 3 Steps involved in it

Step: 1

Calculate the financial ratios based on the provided financial statements 1 Current Ratio Curre... blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Income Tax Fundamentals 2013

Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill

31st Edition

1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516

More Books

Students also viewed these Finance questions